Ibex 35 hits record 19,500 points as oil prices fall and US‑Iran talks ease

The Spanish benchmark Ibex 35 closed the session at a new all‑time high of 19,542.30 points, up about 1 % on the day. Analysts cited the removal of several geopolitical risks – notably the de‑escalation of the US‑Iran conflict, a new US Treasury licence for limited Iranian oil sales, and the reopening of the Strait of Hormuz – which helped pull oil prices lower (Brent around $77‑79, WTI $73‑75) and improve market sentiment.

The rally was also supported by strong performance in the banking sector and a generally smoother monetary‑policy outlook, while regional equities in Europe showed mixed moves. Domestic political uncertainty in the United Kingdom persisted after Prime Minister Keir Starmer’s resignation and the emergence of Andy Burnham as a Labour leadership contender. Companies outside the index announced upcoming dividends, and the euro modestly weakened against the dollar.

Overall, the combination of eased oil‑price pressure, calmer geopolitical headlines and solid sectoral gains pushed the Ibex 35 to its highest level since the index’s inception.